New York (CNNMoney) - Treasury Secretary Jack Lew told Congressional leaders Friday in essence that the full faith and credit of the United States could be in jeopardy after Feb. 27 if lawmakers don't raise the debt ceiling.

That's when Lew now estimates Treasury will run out of special accounting maneuvers to ensure all the country's bills are paid in full and on time.

New York (CNNMoney) - Yes, Virginia, there still could be a fiscal cliff deal by the end of this year. But given how things unraveled in Washington this week, there's also a good chance the country could go over the cliff for a time.
The good news: It won't be the end of the world.

New York (CNNMoney) - With just two weeks to go before the end of the year, the fiscal cliff remains unresolved and the country's debt is just $63 billion shy of the $16.394 trillion legal borrowing limit.

House Speaker John Boehner has offered to extend the debt limit for a year as part of a deal to avoid the fiscal cliff, a source familiar with the talks told CNN on Sunday.